Banesco USA provided loan to the buyer of an office building near Lincoln Road

An affiliate of Miami-based Integra paid $10.1 million for a three-story office building just north of Lincoln Road in Miami Beach.

Ivy MBT Property, an affiliate of Ivy Realty in Montvale, New Jersey, sold the 33,384-square-foot office building at 1674 Meridian Ave. to 1674 Meridian Ventures LLC, an affiliate of Miami-based Integra led by Nelson Stabile. Banesco USA provided a $12.57 million loan to the buyer.

The price equated to $303 per square foot.

The office building was developed on the 8,250-square-foot lot in 1959. The ground-floor space is retail.

Office space in the building was recently listed for lease online at $34.50 per square foot.

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